Bajaj Electricals Limited has informed the Exchange about Disclosure under Regulation 30 of Securities and Exchange Board of India (Listing Obligations and Disclosures Requirements) Regulations, 2015, as amended
BAJAJELEC · price
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Bajaj Electricals has received a favorable appeal order dated April 22, 2026, from the Joint Commissioner, Secunderabad, overturning a previous GST assessment order. The original order, issued in April 2024, had raised a total demand of Rs. 83.78 lakh (including a penalty of Rs. 8.38 lakh) related to an alleged disallowance of GST input credit for FY 2018-19. The appellate authority has revised the demand down significantly to Rs. 3.61 lakh (including a penalty of Rs. 0.33 lakh). The company has accepted the revised demand and does not intend to file any further appeal. The financial impact is limited solely to the revised demand amount with no impact on the company's operational, financial, or other activities.
The significantly reduced GST demand removes a legal uncertainty from the company's books. While the absolute financial impact is modest (~Rs. 3.6 lakh), the favorable outcome is positive from a compliance standpoint, and the matter is now fully resolved with no further appeals.